Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE

SBS News

Live

Treasurer Jim Chalmers speaking while standing at a lectern as he delivers the 2026 federal budget.

Federal budget — what we know and how Australia is reacting

Published

Politics

What's the reaction been like so far?

Opposition treasury spokesperson Tim Wilson said last night the Coalition did not support the proposed changes to negative gearing and capital gains tax.

"We’ll repeal these measures if necessary, but our objective is to defeat them and to make sure that they’re never legislated," he told Sky News last night.

Albanese says grandfathering negative gearing is the 'fair' approach

Prime Minister Anthony Albanese has responded to criticisms that grandfathering negative gearing doesn't go far enough.

Property owners and buyers who signed a contract prior to budget night will be exempt from the changes, meaning they can continue to offset investment losses against their taxable income.

Jim Chalmers defends 'contentious' property tax changes

Speaking to ABC News in Canberra, Treasurer Jim Chalmers acknowledged the budget's tax reforms were "contentious", but argued the measures are "about trying to level the playing field for first–home buyers, and particularly younger Australians, who've been locked out for too long".

See More

Federal Budget 2026

GFX 120526 CONSTRUCTION OVERSEAS LEAD IMAGE.png
GFX BUDGET 2026 HEADER GENERIC.png
GFX BUDGET 2026 WINNERS AND LOSERS HEADER.png
Jim Chalmers standing and speaking in the House of Representatives.

Australian News

'Brutal oppression': Australian government imposes new sanctions on Iranian officialsScrolling through his phone after his marriage ended, Tim realised he had no one to callWhat time is the 2026 federal budget? Here's everything we know so farPolice find body in search for alleged triple murderer Julian Ingram

World News

As his China trip begins, Trump insists he doesn't need Xi's help on IranTown 'at the end of the world' denies hantavirus origins as travellers warnedDonald Trump is set to land in China for historic talks — and he's bringing an old friendThe 48-hour deadline DFAT faces for Australians returning from hantavirus-hit cruise

Australian Politics

'Go for government': Western Sydney One Nation's next target after by-election winAlbanese vowed no changes to housing tax breaks. Now he's defending reformsCould One Nation's Farrer victory be the 'beginning of the end' for the Coalition?'Unfair, unacceptable': Jim Chalmers flags major tax changes in upcoming budget

Cost of Living

Australia's dying middle class — and the rise of an inherited wealth nationA $100 billion Australian sector is struggling. For Angela, it means 'working twice as hard'An inflation headache, a stronger Aussie dollar, and falling fuel prices — for nowAustralia's 'most liveable city' is also one of its most affordable — but will it last?

War in the Middle East

President Donald Trump speaking from his desk in the Oval Office. He wears a navy blue suit and purple tie.
Untitled design (1).png
Soldiers and emergency personnel stand around a destroyed white car on a highway
U.S. Continues Maritime Blockade In Strait Of Hormuz

Topics

World
Australia
Politics
Cost of Living
Immigration
Life
Health and Wellbeing
Indigenous
Environment
Sports
Education
Technology & Social Media
Arts and entertainment

In Depth

FeaturedInteractivesExplainerFirst PersonAnalysisGood News
A woman looks across the water at high rise buildings, she is surrounded by large arrows pointing up
Khaled Sabsabi and Michael Dagostino, two middle-aged Lebanese Australian men wearing all black, stand in front of a vividly painted purple and blue wall.
GFX BUDGET AGEING POPULATION LEAD IMAGE.png
GFX 050526 MELB REAL ESTATE LEAD IMAGE.png
View More

News Videos

Eurovision: Delta Goodrem joins competition favourites as the party begins in Vienna

Published

Vienna is living up to its reputation as the ‘City of Music’ this week as it readies to host the 2026 Eurovision Song Contest. Fans in their thousands have flocked to the Austrian capital to watch performers walk the turquoise carpet for the opening ceremony parade. Among the contenders is Australia's entrant, Delta Goodrem, who's hoping to eclipse them all. This year’s event is taking place amid growing controversy over Israel’s participation, with broadcasters from Spain, Ireland, the Netherlands, Iceland and Slovenia boycotting over the war in Gaza. SBS is a member of the European Broadcasting Union and will continue to broadcast Eurovision in Australia.

News Podcasts

06:43
The rooftops of houses in Australia
07:44
Australian Treasurer Jim Chalmers speaks to the media during a press conference inside the 2026 Budget lockup at Parliament House in Canberra.
07:19
Crowd of people walking down Pitt St, Sydney.
05:57
Australian Prime Minister Anthony Albanese, Australian Treasurer Jim Chalmers and Australian Finance Minister Katy Gallagher walk through a courtyard during a pre budget picture opportunity at Parliament House in Canberra.

SBS News

Get the latest national and global news from Australia’s only world news service. Available in short or full-length on SBS and SBS On Demand.

Current Affairs

a closeup shot of a woman sitting on a green patterned couch
A series of composite image - on the left is a thatched building amongst dense green rainforest. In the centre is a woman lying down with a hand on her stomach. She has an expression of pain on her face. On the right is a hospital waiting area with people sat on wooden benches and the ground.
A couple with concerned facial expressions looking at a bill.
a woman with long brown hair wearing a black sheer top in front of a blue and black background
Vessels pass through Strait of Hormuz following US-Iran ceasefire

Small Business Secrets

A blonde haired woman in a green shirt stands next to a man with brown hair, in front of a mound of bushfire debris.
a man wearig a blue turban and a green sweater stands in a bar holding a cup of tea.
A man with a beard and wearing a purple robe stands inside a church holding a bottle of wine and a brass chalice.
A woman with long brown hair and wearing a floral dress stands in an empty restaurant dining room

Get the FREE SBS News app

From breaking headlines to in-depth coverage — stay up to date with Australian and world news through the SBS News app. Live stream SBS World News at 6.30pm AEST.

Watch Insight on Tuesday 12 May at 8.30pm (AEDT) on SBS and SBS On Demand

The unrelenting pursuit of climbing the career ladder and achieving success has many questioning if the rat race is still worth running. Insight looks at why some of us prefer the rat race, why some are opting out, and asks: Is there a way to still run the race, without it running us?

Watch Dateline on Tuesday 12 May at 9.30pm (AEST) on SBS and SBS On Demand

Adam Liaw goes inside Changi Prison. With rare access to the maximum-security wing reserved for those convicted of the most serious offences, Dateline investigates Singapore's tough stance on crime.

THE FEED

See Different. Know Better. Laugh Harder.

Through award winning storytelling, THE FEED continues to break new ground with its compelling mix of current affairs, comedy, profiles and investigations.

News in over 60 languages

Headlines普通话廣東話العربيةTiếng ViệtΕλληνικάItaliano한국어EspañolFrançaisDeutschहिन्दीਪੰਜਾਬੀनेपालीاردوFilipino
PopEuro_live-channel
WIP_podcast_1920x1080_NO TEXT OR LOGO.jpg
Rural landscape, Western Australia, Australia
FINAL_Word We Use Thumbnail.png
More Languages

Indigenous News

HeadlinesJust InJusticeEntertainmentCountryHealth & WellbeingExcellencePoliticsSport
Representatives from all the AFL clubs wearing the 2026 Sir Doug Nicholls Round guernsey's for their clubs.
Image Credit; Carli Willis.JPG
Kumanjayi Alice Vigil .jfif
SID119358.jpg.800x803_q85.jpg
View More

SBS Sport

HeadlinesNewsRoad to FIFA World Cup 26ᵀᴹIndigenousCyclingFootballMotorsportAthleticsOther SportsUpcoming Events
Mathew Leckie (L) celebrates a goal for the Socceroos
WCup Draw Soccer
FIFA World Cup trophy
View More

Watch News Programs

SBS World News

News And Current Affairs

SBS World News In 15 Minutes

News And Current Affairs

NITV News: Nula

News And Current Affairs

More News Programs

Stream free

On Demand

Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world